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/biz/ - Business & Finance

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9018352 No.9018352 [Reply] [Original]

Guys have a fucking look at the Bitmex order book. Look how fucking THICC the buy orders are. We're officially back in "2017 buy the dip" mode.

>> No.9018522

I like this post

>> No.9018539

delete this

>> No.9018570

>85 million in orders between just $200
Jeez.

>> No.9018573

>>9018352
Wrong

That just means there's a fuckton of long liquidity available below the current price

A flash crash will wipe all of that out and provide millions for someone looking to go long at a lower price... Prepare your anus, anons

>> No.9018592
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9018592

>>9018573

>> No.9018594
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9018594

>mfw THICC

>> No.9018604

>>9018352
i was going to say soros confirmed but then realized he couldn't buy futures by loaning bitmex futures

>> No.9018620
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9018620

>>9018592

>> No.9018642
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9018642

T H I C C

>> No.9018654

Literally all bots. Their algorithms switched when we broke 200 EMA. Before they were looking for short entries, now they want to go long. Good times ahead.

>> No.9018658
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9018658

This makes sense, major resistance becomes major support when broken.

Ignore the yellow meme lines, the green line is the major resistance/support on the log chart

>> No.9018702

>>9018658
Why are you drawing meme lines on log? From my personal experience those lines never work out as well as the regular ones. Interested in your thoughts on this.

>> No.9018724
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9018724

>>9018642

>> No.9018801

>>9018658
Untill broken.
It is over !

>> No.9018906

>>9018702
Eh, do whatever works for you. I mostly draw them for my own entertainment and shitposting purposes.

I've always used log ever since messing around with forex years ago, seems to me to be the only appropriate way to look at the data, especially in the long term. And in the short term it makes little difference to the lines.

Percentage gains and losses are the thing. The absolute price is unimportant.

>> No.9019087

Doesn't matter, price is still dropping. Almost $8650 on GDAX. Alts also getting absolutely crushed.